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Can macroprudential tools ensure financial stability?

In: Central Banks and Supervisory Architecture in Europe

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  • Anne Epaulard

Abstract

Macroprudential tools are now commonly used by financial stability authorities. The need for these tools was recognized after the financial crisis of 2008 - 2009, when a new consensus emerged about the role of private leverage in triggering financial crises. However, we still know little about their effectiveness.

Suggested Citation

  • Anne Epaulard, 2022. "Can macroprudential tools ensure financial stability?," Chapters, in: Robert Holzmann & Fernando Restoy (ed.), Central Banks and Supervisory Architecture in Europe, chapter 6, pages 62-70, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21354_6
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    Keywords

    Economics and Finance;

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